South Africa: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in South Africa

The South African overhead travelling crane market contracted significantly to $X in 2022, declining by -83% against the previous year. Overall, consumption recorded a deep setback. Overhead travelling crane consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Overhead Travelling Crane Production in South Africa

In value terms, overhead travelling crane production fell markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 1,129%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Overhead Travelling Crane Exports

Exports from South Africa

In 2022, overseas shipments of overhead travelling cranes on fixed support increased by 135% to X units, rising for the third consecutive year after two years of decline. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 143% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, overhead travelling crane exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for overhead travelling crane exports from South Africa, accounting for a 44% share of total exports. Moreover, overhead travelling crane exports to Burkina Faso exceeded the volume sent to the second major destination, Ghana (X units), sixfold. Zimbabwe (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso totaled +60.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+29.2% per year) and Zimbabwe (+23.1% per year).

In value terms, the largest markets for overhead travelling crane exported from South Africa were Zimbabwe ($X), Democratic Republic of the Congo ($X) and Ghana ($X), with a combined 42% share of total exports. Angola, Burkina Faso, Kenya, Namibia, Lesotho, the United States, Mozambique, Zambia, Botswana and Cote d'Ivoire lagged somewhat behind, together accounting for a further 46%.

Cote d'Ivoire, with a CAGR of +156.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2022, reducing by -7.7% against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 89%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+35.4%), while the prices for the other major destinations experienced mixed trend patterns.

Overhead Travelling Crane Imports

Imports into South Africa

Overhead travelling crane imports into South Africa reduced markedly to X units in 2022, dropping by -39.5% on the previous year. Overall, imports faced a abrupt decrease. The growth pace was the most rapid in 2019 when imports increased by 306% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, overhead travelling crane imports dropped rapidly to $X in 2022. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 238% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Finland (X units), India (X units) and Estonia (X units) were the main suppliers of overhead travelling crane imports to South Africa, together accounting for 62% of total imports. China, Turkey, Mauritius and the UK lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of overhead travelling cranes on fixed support to South Africa, comprising 52% of total imports. The second position in the ranking was held by Finland ($X), with a 14% share of total imports. It was followed by India, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-23.5% per year) and India (-15.9% per year).

Import Prices by Country

The average overhead travelling crane import price stood at $X per unit in 2022, reducing by -23.5% against the previous year. In general, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of 372% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+893.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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